I thought I'd post something that I look for when price is trending, but then retraces for a while. If you look at the pic below, you can see quite a few 1hr flip trades. But the bit I'm interested is the yellow trend line. When price retraces for a ...

Pharley Simple system - Get your levels right for trading S/R

Some nice flip trade areas on GBPAUD yesterday - lots of these over the last few weeks.

Pharley Simple system - Get your levels right for trading S/R

Hi Kev - what's the bb code? I don't know what that is or copy it. If you want to reply to a comment, use the Quote button - then that will appear at the top of your written post. Cheers

Pharley Simple system - Get your levels right for trading S/R

Hi mlperlas - great! yes for sure, feel free to post what you're thinking or doing. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Hi Timilehin, I don't use any tools except my eyes. Quite often I flick between candles and OHLC bars - I tend to see levels better with OHLC, then draw them on the charts and wait for a trade. Cheers

Pharley Simple system - Get your levels right for trading S/R

Hi Kev - sure. Write your post and then click on "Upload from Device" below the this text box. Select the file/pic you want to upload and wait until it's loaded (not on the screen at this point). Can upload multiple pics, one at a time the same way. ...

Pharley Simple system - Get your levels right for trading S/R

One going up and one going down - spot the entries. Keep it simple.

Real, profitable strategies

Hey just like one or both of my threads - Support and Resistance, simple horizontal lines, flip trades.

Real, profitable strategies

Hi Jack - yeah, they all run out steam at some point. Never mind, good profits on the way up and small loss at the end which is the way to play! Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Ah well,the UJ trade failed - never mind. Onwards and upwards!

Pharley Simple system - Get your levels right for trading S/R

OK, the UJ trade triggered at the right level and is currently in profit. Just have to wait to see how it goes.

Pharley Simple system - Get your levels right for trading S/R

There were many trades to be had yesterday, especially on JPY pairs. Here's one I missed on GBPNZD which would have worked out well. Oh, also is a 4hr chart view below

Pharley Simple system - Get your levels right for trading S/R

Hi - here's a couple of recent trades I took on UJ showing entry and exit points. I'm waiting for a retrace for the third trade now - already got the pending order in. Whether it comes back to that point is another thing, but at least I'm ready. ...

Pharley Simple system - Get your levels right for trading S/R

Hi Seatac - and thanks for your comments and a great summary! What you've described is spot on for this method. Don't forget to look for flip trades on the daily, 4 hr, 1 hr candles as well. They form part of this method and happen all over the ...

Support and Resistance Method - Pharley

Hi Maddin, ok mate, I'll try!

Pharley Simple system - Get your levels right for trading S/R

CMC Markets - bucket shop and stop loss hunting - spike the price to hit SL's then make the spike disappear. That's why I trade through ECN now and never a market maker.

Show me a scam broker

Hi Kevin - yes a bit of screen time, but honestly, in no time at all you'll be spotting these!

Pharley Simple system - Get your levels right for trading S/R

Nice article on flip trades - better explained than I can do! url

Pharley Simple system - Get your levels right for trading S/R

Some may be wondering how this relates to entering multiple times to build a large account as I discuss in my other thread. It's all related - all to do with S/R areas. The examples I show above are just a technique for entering either as a stand ...

Pharley Simple system - Get your levels right for trading S/R

Ok, also look for ranging markets. These are very tradeable - lot's of opporunities, not so much for flip trades, but off the support and resistance area. See attached and look at the pips available. Obviously good on GBPJPY, EURNZD, GBPNZD and ...

Pharley Simple system - Get your levels right for trading S/R